The Boeing Company (NYSE:BA) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. trimmed its holdings in The Boeing Company (NYSE:BA) by 2.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,311 shares of the aircraft producer’s stock after selling 518 shares during the period. Moors & Cabot Inc.’s holdings in Boeing were worth $3,515,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wulff Hansen & CO. boosted its holdings in shares of Boeing by 15,039.0% during the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock worth $176,073,000 after purchasing an additional 960,993 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in Boeing by 11.0% during the second quarter. Citizens Financial Group Inc. RI now owns 31,252 shares of the aircraft producer’s stock worth $5,688,000 after buying an additional 3,101 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Boeing by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,277,289 shares of the aircraft producer’s stock worth $232,479,000 after buying an additional 98,973 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Boeing by 1.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock valued at $1,386,757,000 after buying an additional 106,513 shares in the last quarter. Finally, Keene & Associates Inc. increased its stake in shares of Boeing by 12.4% in the 2nd quarter. Keene & Associates Inc. now owns 2,313 shares of the aircraft producer’s stock worth $421,000 after acquiring an additional 255 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the topic of several recent research reports. Bank of America boosted their price target on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. UBS Group dropped their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Stifel Nicolaus lifted their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company reiterated an “underweight” rating and issued a $119.00 price objective (down from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Finally, Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $211.29.

Boeing Stock Performance

Shares of BA stock opened at $155.54 on Tuesday. The Boeing Company has a fifty-two week low of $154.02 and a fifty-two week high of $267.54. The company has a 50 day moving average price of $173.49 and a 200 day moving average price of $178.70. The stock has a market capitalization of $95.48 billion, a P/E ratio of -43.81 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same period in the previous year, the company earned ($0.82) earnings per share. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -4.26 EPS for the current fiscal year.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.